Alibaba, U.S.-Listed Chinese Companies Drop Most Since March
- Alibaba declines third day for biggest drop since March 22
- iQIYI, JD.com, Baidu all fall adding to last week’s losses
This article is for subscribers only.
U.S.-listed Chinese companies declined 3.4 percent Monday for their biggest collective loss since March. The fall comes after reports that the White House plans to curb Chinese investments in U.S. companies involved in certain technologies amid trade tensions between the two countries.
The S&P 500, Nasdaq and Dow Jones Industrial Average each closed down at least 1.3 percent Monday as indexes across the world declined.